GSA Capital Partners LLP boosted its holdings in Kraft Heinz Co (NASDAQ:KHC) by 9.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 31,589 shares of the company’s stock after buying an additional 2,787 shares during the period. GSA Capital Partners LLP’s holdings in Kraft Heinz were worth $2,450,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Westside Investment Management Inc. raised its stake in shares of Kraft Heinz by 16.6% during the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after purchasing an additional 172 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Kraft Heinz by 287.9% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock valued at $110,000 after purchasing an additional 950 shares during the period. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Kraft Heinz during the second quarter valued at approximately $121,000. Blue Chip Partners Inc. raised its stake in shares of Kraft Heinz by 0.5% during the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after purchasing an additional 8 shares during the period. Finally, GWM Advisors LLC purchased a new stake in shares of Kraft Heinz during the second quarter valued at approximately $137,000. Hedge funds and other institutional investors own 62.02% of the company’s stock.
Shares of Kraft Heinz Co (KHC) traded up $0.22 during midday trading on Friday, hitting $77.35. 4,223,263 shares of the company were exchanged, compared to its average volume of 3,440,000. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48. Kraft Heinz Co has a fifty-two week low of $75.21 and a fifty-two week high of $97.77. The company has a market capitalization of $94,230.00 and a PE ratio of 24.10.
Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The firm had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.33 billion. During the same period in the previous year, the business earned $0.83 earnings per share. Kraft Heinz’s revenue for the quarter was up .7% compared to the same quarter last year. analysts expect that Kraft Heinz Co will post 3.61 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 17th were given a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 3.23%. The ex-dividend date was Thursday, November 16th. Kraft Heinz’s dividend payout ratio (DPR) is presently 77.88%.
KHC has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Monday, December 18th. BMO Capital Markets decreased their price target on shares of Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating for the company in a research report on Thursday, November 2nd. BidaskClub raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Citigroup decreased their price target on shares of Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Finally, Piper Jaffray Companies raised shares of Kraft Heinz from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $92.00 to $90.00 in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. Kraft Heinz presently has a consensus rating of “Buy” and an average target price of $92.49.
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Kraft Heinz Profile
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.
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